Grant & Eisenhofer

Grant & Eisenhofer P.A.
Headquarters Wilmington, Delaware
No. of offices 4 total
No. of attorneys 65
No. of employees 125
Major practice areas Securities and complex litigation, corporate governance, false claims/whistleblower litigation, antitrust, bankruptcy, consumer protection
Key people Stuart M. Grant - Founder and Managing Director, Jay W. Eisenhofer - Founder and Managing Director
Date founded 1997
Company type Professional association
Website
http://www.gelaw.com

Grant & Eisenhofer P.A. (also known as G&E) is an international law firm that specializes in securities and complex litigation, corporate governance, false claims/whistleblower litigation, antitrust, bankruptcy, consumer protection, and portfolio monitoring.[1] G&E specializes in representing public and private institutional investors, whistleblowers, and consumers who seek restitution for damage caused by fraud, greed or mismanagement by corporations and major accounting firms.

G&E has achieved more securities settlements in excess of $100 million than any other law firm in the United States.[2] Since its founding in 1997, the firm has represented more than one hundred institutional investors, numerous individual whistleblowers and consumers, and has acted as lead or co-lead counsel in many of the largest securities class actions in American history.[3]

Today

Grant & Eisenhofer has approximately 65 attorneys among its four offices.[4] They testify on behalf of institutional investors before the SEC and various judicial commissions.[5] The firm initiates litigation in the attempt to make corporate governance practices equally favorable to a corporation’s directors and shareholders.[6] G&E often serves as lead counsel in national securities class actions while working with institutional investors as lead plaintiffs. As lead counsel, the firm has recovered over $12 billion for its clients.[7]

Grant & Eisenhofer’s founding purpose was to represent and protect institutional investors.[8] The firm remains conscious of its growth to ensure that it maintains its focus on securities litigation, corporate governance, and related services. To avoid conflicts of interest, G&E does not represent corporate clients.[9]

The firm has a case philosophy of extreme selectivity.[10] It only takes on a limited number of cases - based on, among other factors, the amount of stock the potential client holds in the company accused of wrongdoing.[7] Each case is assigned a team of attorneys, paralegals, specialized support staff, and consultants, which may include forensic accountants, private investigators, and business or scientific experts. The managing partners are also involved in each case.

Recognition

Grant & Eisenhofer has been recognized for its efforts in securities litigation, corporate governance, and related areas of practice. The firm has earned a place in the National Law Journal's “Plaintiffs Hot List Hall of Fame.”[11] In 2013, Law360 named G&E one of the "Most Feared Plaintiffs Firms" in its inaugural list of plaintiffs firms it described as "hugely successful" based on their "performance in high-profile or complex cases between July 1, 2011, and July 1, 2013, including significant court rulings, trial victories and settlements."[12] In its profile of the firm, that publication wrote, "over the last decade and a half, Grant & Eisenhofer PA has grown into one of the most high-profile shareholder and whistleblower advocates in the country, securing record-high cash settlements." [13]

In 2007[14][15] and 2008[16][17] RiskMetrics Group ranked it the number one law firm for average investor recovery in securities class actions. G&E is also listed as one of America’s Leading Business Law Firms by Chambers and Partners.[18]

Firm founders Stuart Grant and Jay Eisenhofer were featured in the November 2004 issue of Delaware Today as “Power Attorneys” fighting for corporate justice.[19] Eisenhofer was named one of the “100 Most Influential People in Finance” by Treasury & Risk Management in June 2005.[20] He was also named one of “The 100 Most Influential People on Corporate Governance” in the September 2008 issue of Directorship Magazine.[21]

Notable cases

History

The founding partners commenced their legal careers as litigators in Skadden Arps Slate Meagher & Flom’s Wilmington office. They left Skadden together to join Philadelphia-based law firm Blank Rome Comisky & McCauley. During their time there, Grant and Eisenhofer acted as resident litigation partners.[63]

In 1997, they founded Grant & Eisenhofer P.A. Eisenhofer has stated that they decided to switch from corporate defense to exclusively representing plaintiffs because “they wanted to be on the side of the good guys.”[8]

Stuart Grant argued the provisions of the PSLRA which allowed an institutional investor to act as lead plaintiff in securities class action cases.[64] In this case, Gluck et al. v. Cellstar, The State of Wisconsin Investment Board was lead plaintiff and G&E was appointed lead counsel. The class recovered 56% of their losses.[65] In 2000, the Kansas Public Employees Retirement System filed a suit against Digex, in which G&E was lead counsel for the plaintiff.[66] The case settled in 2001 for $420 million.[67] In 2004, Grant & Eisenhofer was recognized by Pensions & Investments magazine for “a hallmark in corporate governance” regarding the settlement in which HealthSouth’s board of directors was completely replaced.[68] Firm partners Jay Eisenhofer and Michael Barry co-authored the Shareholder Activism Handbook in 2005. The handbook is a guide for shareholders on matters relating to shareholder activism.[69]

Since the firm’s founding, it has represented more than one hundred institutional investors and has acted as lead or co-lead counsel in six of the largest securities class actions in American history.[70]

References

  1. "Lawyers.com Grant & Eisenhofer P.A. Firm Profile". Lawyers.com. Retrieved 7 January 2014.
  2. "Chambers and Partners Grant & Eisenhofer P.A. Firm Profile". Chambers and Partners. Retrieved 7 January 2014.
  3. "Grant & Eisenhofer P.A.: The Firm". Grant & Eisenhofer P.A. Retrieved 7 January 2014.
  4. "Grant & Eisenhofer P.A., Attorneys". http://www.gelaw.com. Retrieved 23 September 2013. External link in |website= (help)
  5. "Grant & Eisenhofer P.A". Gelaw.com. Retrieved 2011-08-08.
  6. RiskMetrics, RiskMetrics Ranks Grant & Eisenhofer Number 1 Law Firm in 2008 for Highest Average Recoveries in U.S. Secuities Class Action Settlements
  7. 1 2 ChannelWeb, RiskMetrics Ranks Grant & Eisenhofer Number 1 Law Firm in 2008 for Highest Average Recoveries in U.S. Securities Class Action Settlements
  8. "Chambers and Partners, USA Guide 2009 - Chancery". Chambersandpartners.com. Retrieved 2011-08-08.
  9. "Corporate Board Member, Beware of the New Class Action Attorneys". Boardmember.com. Retrieved 2011-08-08.
  10. "National Law Journal, Plaintiffs’ Hot List Hall of Fame". Law.com. 2008-10-06. Retrieved 2011-08-08.
  11. Stendhal, Max (4 October 2013). "Law360 Names the Most Feared Plaintiffs Firms". Law360. Retrieved 18 November 2013.
  12. Simpson, Jake (9 October 2013). "Most Feared Plaintiffs Firm: Grant & Eisenhofer". Law360. Retrieved 18 November 2013.
  13. "RiskMetrics Group, SCAS 50 for 2007". Riskmetrics.com. Retrieved 2011-08-08.
  14. "Reuters, RiskMetrics Group Ranks Top 50 Plaintiffs’ Law Firms for 2007". Reuters.com. 2008-03-11. Retrieved 2011-08-08.
  15. "RiskMetrics Group, SCAS 50 for 2008". Riskmetrics.com. Retrieved 2011-08-08.
  16. Securities Docket, The SCAS 50 for 2008: Top Plaintiffs’ Firms for Securities Class Actions
  17. "Chambers and Partners Firm Profile". Chambersandpartners.com. Retrieved 2011-08-08.
  18. "Delaware Today, November 2004 Issue". Delawaretoday.com. 2006-06-29. Retrieved 2011-08-08.
  19. "Treasury & Risk, 100 Most Influential People in Finance". Treasuryandrisk.com. Retrieved 2011-08-08.
  20. "Directorship Magazine, 2008 List of Influentials". Directorship.com. 2008-09-01. Retrieved 2011-08-08.
  21. 1 2 3 4 5 Stephen Taub (2007-05-15). "CFO, Tyco Settles Suit for Nearly $3 Billion". Cfo.com. Retrieved 2011-08-08.
  22. "Grant & Eisenhofer P.A., Securities and Complex Litigation Cases, Tyco". Gelaw.com. Retrieved 2011-08-08.
  23. Floyd Norris (2007-05-16). "The New York Times, Tyco to Pay $3 Billion to Settle Investor Lawsuits". Nytimes.com. Retrieved 2011-08-08.
  24. The Boston Globe, Pricewaterhouse to pay $225m in Tyco settlement
  25. 1 2 3 4 Stanford Law School Securities Class Action ClearingHouse, 2004 News and Press Releases, Global Crossing Settles for $325 Million
  26. "The New York Times, Adding to Claims Against Global Crossing". Nytimes.com. 2003-01-30. Retrieved 2011-08-08.
  27. RedOrbit, Dutch Appeals Court Orders Royal Dutch Shell to Begin Paying $381 Million Settlement to Pan-European/Global Investor Group
  28. The Seattle Times, $120 million SEC fee resolves part of Royal Dutch/Shell case . Seattle Times.
  29. Oil and Gas Online, European Investor Group and Royal Dutch Shell Agree to $450M Settlement Over Shell’s Misstatements of Proven Oil & Gas Reserves
  30. Stephen Taub (2007-04-11). "CFO, Royal Dutch Shell to Pay $350M". Cfo.com. Retrieved 2011-08-08.
  31. Grant & Eisenhofer P.A., Securities and Complex Litigation Cases, DaimlerChrysler
  32. Stanford Law School Securities Class Action ClearingHouse, 2004 News and Press Releases, $300 Mil Settlement Approved in Securities Class Action Against DaimlerChrysler
  33. "Stipulation and Agreement of Settlement dated Nov. 10, 2009" (PDF). Retrieved 9 December 2013.
  34. McGee and Holm, Jamie & Erik (13 November 2009). "Marsh & McLennan Agrees to Pay $400 Million in Suit". Bloomberg. Retrieved 9 December 2013.
  35. Savett, Adam (October 2007). "Securities Class Action Trials in the Post-PSLRA" (PDF). RiskMetrics Group. Retrieved 9 December 2013.
  36. "Safety-Kleen Lawsuit Ends With $284M Settlement". Dallas Business Journal. 26 April 2005. Retrieved 9 December 2013.
  37. "Refco Shareholders Sue Law Firm Over IPO". Class AcTion Times. 2 October 2007. Retrieved 9 December 2013.
  38. Somers, Bailey (17 October 2005). "Class Action Suits Filed Against Refco Underwriters". Law360. Retrieved 9 December 2013.
  39. Lin, Anthony. "Ex-Refco CEO Helps Investors Suing Company". 30 May 2008. Law.com. Retrieved 9 December 2013.
  40. "LawyersandSettlements.com, Delphi Securities". Lawyersandsettlements.com. Retrieved 2011-08-08.
  41. Tim Reason. "CFO, GM and Deloitte Settle $303 Million Suit". Cfo.com. Retrieved 2011-08-08.
  42. 1 2 3 Strumpf, Dan (2008-08-13). "USA Today, GM, Deloitte to settle shareholder suit for $303M". Usatoday.com. Retrieved 2011-08-08.
  43. "Del. Judge Approves News Corp. Lawsuit Settlement". Associated Press. 26 June 2013. Retrieved 9 December 2013.
  44. Chaudhuri, Saabira (22 April 2013). "News Corp. Settles Shareholder Suit". The Wall Street Journal. Retrieved 9 December 2013.
  45. Chozick, Amy (22 April 2013). "News Corp. in $139 Million Settlement With Shareholders". The New York Times. Retrieved 9 December 2013.
  46. Arthur Pinto and Douglas Branson. Understanding Corporate Law. Matthe Bender & Company Inc. ISBN 978-1-4224-2959-4.
  47. "Future of 'Deadhand' Poison Pill Looks Grim After First DE Ruling". Property and Casualty. Retrieved 10 December 2013.
  48. Sasseen, Jane (9 July 2006). "A Board With its Back to the Wall". Bloomberg Businessweek Magazine. Retrieved 9 December 2013.
  49. Smith and Male, Erin Geiger and Bianca (22 December 2009). "The 10 Biggest Backdating Settlements". Business Insider. Retrieved 9 December 2013.
  50. Amy Goodman, John Olson, and Lisa Fontenot, Eds. (2012 Supplement). A Practical Guide to SEC Proxy and Compensation Rules. New York: Wolters Kluwer Law & Business. pp. 12–72. ISBN 978-0-7355-9895-9. Check date values in: |date= (help)
  51. Farrell, Rita (3 December 2012). "Judge Approves $110 Million El Paso Corp. Settlement". The New York Times DealBook. Retrieved 9 December 2013.
  52. 1 2 3 "Press Release: Abbott Labs to Pay $1.5 Billion to Resolve Criminal & Civil Investigations of Off-label Promotion of Depakote". United States Department of Justice Office of Public Affairs. May 7, 2012. Retrieved 23 September 2013.
  53. Schmidt and Thomas, Michael S. and Katie (May 7, 2012). "Abbott Settles Marketing Lawsuit". The New York Times. Retrieved 23 September 2013.
  54. 1 2 "Press Release: Wyeth Pharmaceuticals Agrees to Pay $490.0 Million for Marketing the Prescription Drug Rapamune for Unapproved Uses". U.S. Department of Justice, Office of Public Affairs. Retrieved 23 September 2013.
  55. 1 2 Thomas, Katie (30 July 2013). "Pfizer Settles a Drug Marketing Case for $491 Million". The New York Times. Retrieved 23 September 2013.
  56. Stride, Megan (30 July 2013). "Wyeth Paying $491M to End Criminal, Civil Rapamune Cases." Law360. Retrieved 23 September 2013.
  57. 1 2 3 4 "Press release: Justice Department Announces Largest Health Care Fraud Settlement in Its History". United States Department of Justice Office of Public Affairs. 2 September 2009. Retrieved 23 September 2013.
  58. 1 2 Harris, Gardiner (2 September 2009). "Pfizer Pays $2.3 Billion to Settle Marketing Case." The New York Times. Retrieved 23 September 2013.
  59. Berkrot, Bill (25 March 2010). "US Jury's Neurontin Ruling to Cost Pfizer $141 Mln". Reuters. Retrieved 10 December 2013.
  60. Orzeck, Kurt (3 April 2013). "1st Circ. Rules Against Pfizer in 3 Neurontin RICO Suits". Law360. Retrieved 10 December 2013.
  61. Stohr, Greg (9 December 2013). "Pfizer Rejected by Top Court on Neurontin Marketing Suits". Bloomberg. Retrieved 10 December 2013.
  62. "Grant & Eisenhofer P.A., Our History". Gelaw.com. Retrieved 2011-08-08.
  63. The Lead Plaintiff Provisions of the PSLRA After a Decade or "Look What's Happened to My Baby"
  64. "Widener Law School, Stuart Grant Profile". Law.widener.edu. Retrieved 2011-08-08.
  65. "SEC Info Digex Inc". Secinfo.com. Retrieved 2011-08-08.
  66. "The New York Times, Settlement in WorldCom Deal is Approved". Nytimes.com. 2001-04-07. Retrieved 2011-08-08.
  67. Stanford Law School Securities Class Action ClearingHouse, 2004 News and Press Releases, HealthSouth Settlement
  68. "Aspen Publishers, Shareholder Activism Handbook". Aspenpublishers.com. 2010-11-17. Retrieved 2011-08-08.
  69. "Grant & Eisenhofer P.A., Track Record". Gelaw.com. Retrieved 2011-08-08.

External links

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